Oanda and JustMarkets are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. Oanda is regulated by three tier-1, two tier-2, and two tier-4 jurisdictions, including the FCA, ASIC, CySEC, DFSA, CMA, and SCB. On the other hand, JustMarkets is regulated by one tier-1 jurisdictions, one tier-2 jurisdictions, and two tier-4 jurisdictions including CySEC, FSC, FSA -S, FSCA. These two brokers offer almost similar services. However, each has its own strengths and weaknesses.
In this article, we will compare Oanda with JustMarkets regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if Oanda is better than JustMarkets and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.
Oanda vs Just Markets: In a Nutshell
Oanda
Founded by Drs. Stumm and Olsen in the USA in 1996, Oanda is one of the oldest and most experienced forex brokers in the world. The broker expanded into Asia in 2007, opened its London office in 2011, and its Sydney office in 2014. On its platforms, you can trade over 3,000 forex pairs, CFDs, and even real stocks. The broker is regulated by top regulatory authorities including ASIC, CFTC, IIROC, FCA, PFSA, MAS in Singapore, FSA in Japan, and FSC in BVI. Oanda offers multiple trading platforms such as MT4, MT5, the fxTrade app, and TradingView. Oanda is also known for its currency transfer services as well as its MarketPlus trading analytics. To learn more, you can read our review on Oanda, where we cover features, pros, cons, and more
Oanda Overview
- Founded In: 1996
- Founder: Dr. Stumm (a computer scientist), and Dr. Olsen (an economist)
- Headquarters: New York, United States
- Trading Instruments: 100+ trading Instruments including forex, indices, shares, commodities, metals, cryptocurrencies, metals
- Minimum Deposit: No minimum Deposit is required. You may deposit as low as $1
- Maximum Leverage: 1:50 (US), 1:30 (EU), 1:200 (other regions)
- Regulations: ASIC, CFTC, IIROC, FCA, PFSA, MAS in Singapore, FSA in Japan, FSC in BVI
- Trading platform: MT4, MT5, fxTrade app, Tradingview
- Account Types: Standard, Elitetrader
- Trading Fees: Spreads starting from 0.6 pips (EUR/USD pair)
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, ACH Payments (echeck), BPAY, CHAPS, Check, DBS Bill Payment, Local Bank Deposits, Local Bank Transfers, Neteller, Payment Asia, PayNow, PayPal, SEPA Credit Transfer (SCT), Skrill
- US Traders: Accepted
Just Markets
Founded in 2012, Just Markets is an online forex broker that offers forex and CFD trading facilities. Regulated by CySEC, FSC (Mauritius), and FSA (Seychelles), Just Markets provides a wide range of trading instruments, including Forex, CFDs, and Cryptocurrencies. The broker allows almost all trading styles, from scalping to EA Trading, Copy Trading, and news trading.
Just Markets offers multiple trading platforms such as MT4, MT5, and a mobile trader platform. For passive investors, Just Markets provides a “copy trading” platform. The broker offers leverage as high as 3000:1. Additionally, with floating spreads starting from 0 pips, Just Markets aims to provide competitive pricing for its clients. To learn more, you can read our review about Just Markets.
JustMarkets Overview
- Founded In: 2012
- Minimum Deposit: $1
- Maximum Leverage: 1:3000
- Regulations: FSA, Cysec,FSCA,FSC
- Trading platform: MT4, MT5
- Account Types: Standard, Raw, Pro
- Payment Options: VISA, MasterCard, Airtm, Binance/Binance Pay, Bitcoin, Bitcoin Cash, Boleto, Dogecoin (DOGE), Ether/Ethereum, FasaPay, Litecoin, Local Bank Transfers, Neteller, PayRetailers, PerfectMoney, PromptPay, Ripple (XRP), Skrill, Tether (USDT)
- US Traders: Not Accept
Oanda vs : Just Markets Features
Oanda:
- Trading Instruments: CFD trading is not allowed for US clients; however, non-US clients can trade CFDs
- Maximum leverage: The maximum leverage of Oanda is 1:200 (global), 1:50 (US), 1:30 (EU)
- Minimum Deposit: No Minimum Deposit.
- Account Types: Two (Standard, Elitetrader)
- Trading Fees: Spreads range from 0.1 to 0.6, and commissions range from 3.5 to 4 per lot (depending on account type).
- PAMM/ MAM:
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
Just Markets
- Trading Instruments: A wide range of trading instruments including forex, commodities, stocks, indices, cryptos
- Maximum leverage: The maximum leverage of Just Markets is 3000:1. However, Leverage may vary from 1:1 to 3000:1 based on tradable assets and jurisdictions.
- Minimum Deposit: The minimum deposit of Justmarkets is $10 for the standard account, and $100 for the Pro and the Accounts
- Account Types: Three ( Standard, Pro, Raw Spread)
- Fees: Spread starts from 0.3 pips for the standard account, 0.1 pips for the pro account, and $3 per lot per side for the Raw Spread account.
- MAM: Not Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
Oanda vs Just Markets: Pros and Cons
Oanda
- Regulated by the CySEC, FCA, CFTC, JFSA, IIROC, ASIC, MAS and FSC BVI
- Clients can trade over 1800 forex/CFDs and over 2000 real stocks.
- Platforms: MT4, MT5, and Oanda mobile apps on iOS and Android.
- Trading tools provided are MetaTrader premium tools, Autochartist, Market pulse analysis, etc.
- Customer support is provided in multiple languages and via different channels.
- Fast and user-friendly account opening
- The TradingView platform is available, alongside several VPS services for MT4 hosting.
- Bank withdrawals incur a fee which is transferred to the trader.
- Premium core accounts require a minimum balance of $20,000
- Inactivity fees are charged from dormant accounts.
- No account protection for U.S. clients
- No guaranteed stop-losses for U.S. or U.K. clients
- Traders in the U.S. cannot access single-stock CFDs
- No cent accounts, bonus programme for beginner traders
Just Markets
- Regulated by CySEC, FSC, FSA-S
- The minimum deposit is as low as $1
- Maximum Leverage is 1:3000 (up to 1:30 for retail clients and up to 1:3000 for professional clients on justmarkets.eu )
- All strategies are allowed (Scalping, News trading, EA Trading)
- Negative balance protection;
- Multilingual support 24/7.
- MetaTrader 4/5 Offered
- Spreads from 0 pips
- 170+ trading instruments
- Not regulated by tire regulators like FCA, ASIC
- No passive investment program ( MAM, PAMM Accounts)
- US, UK, or Japan Traders are not accepted
- A small selection of trading instruments;
- Sometimes it takes time to receive a response from technical support;
- 3% withdrawal fees if you do not have any trading activities
Oanda vs Just Markets: Side-by-Side Comparison
Oanda Vs Just Markets: Our Scores and Ratings
We rated both brokers, Oanda and Just Markets, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
Oanda :
Just Markets
Oanda vs Just Markets: Which One is better?
Now the question comes: is Oanda better than Just Markets, or vice versa? The answer depends on traders’ and investors’ trading styles and preferences. Both Oanda and Just Markets offer similar trading services worldwide. However, there are differences in their features, regulations, reputation, and operations. Here are the key facts about both brokers. By reviewing these options, you can clearly understand which broker is right for your trading goals
Oanda :
- Top regulated forex broker accepting both US and non-US clients.
- No minimum deposit is required; you may deposit as little as $1.
- The maximum leverage for Oanda is 1:200 (global), 1:50 (US), and 1:30 (EU).
- Oanda offers a variety of trading tools and platforms, including MT4, MT5, Webtrader, TradingView, and more.
- Trading fees: Spreads range from 0.1 to 0.6, and commissions range from $3.50 to $4 per lot. Spreads and commissions depend on your account type and the types of tradable assets.
- Oanda does not offer CFDs to US clients due to regulatory restrictions.
JustMarkets:
- JustMarkets is a forex and CFD broker regulated by CySEC, FSCA, FSA in Seychelles, FSC in Mauritius
- The minimum deposit is $10 ( Minimum deposit varies based on account types. For example, $10 for standard accounts, $100 for Pro and raw accounts, and $100 or equivalent for EU clients)
- Maximum leverage: up to 1:3000
- Offers MT4, MT5, Social Trading platforms
- The trading fee: Spreads starting from 0.1 pips ( Pro account 0.1 pips, Standard account 0.3 pips, Raw account $3 per lot per per side)
- Just Markets does not accept US clients.
Our score for Oanda is 8.8, and for JustMarkets it is 9.0.
